Brief: Gaming Innovation Group Signs Heads-Of-Terms To Buy Titan

Gentoo Media

17/06/2024 06:31

June 17 (Reuters) - Gaming Innovation Group Inc
 GIG.OL :
    * SIGNS HEADS-OF-TERMS TO ACQUIRE TITAN - STRENGTHENING SEO
AND
CONTENT SERVICES
    * FOR OPERATIONS MOVED TO TITAN, GIG MEDIA'S SEO AND CONTENT
COSTS
ARE EXPECTED TO BE REDUCED BY UP TO 50%
    * ACQUISITION COMES WITH TERM SHEET VALUED AT MEUR 3.2,
STRUCTURED
WITH MEUR 1.0 TO BE PAID AT CLOSING
    * TERM SHEET ALSO INCLUDES MEUR 1.0 PAID AFTER 12 MTHS, MEUR
1.2
AFTER 24 MTHS

Source text for Eikon:  ID:nWkr7GJFsB 
Further company coverage:  GIG.OL 

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